June data was underwhelming. But today’s job market is much less concerning than it was six months ago.

Employers are hiring less aggressively, but they are not doing the type of widespread layoffs that typically precede a broader downturn.

Economists say June’s modest job gains point to a stagnant, low-hire labor market where people are continuing to have a hard time finding new jobs.

Hiring lost momentum after months of surprising strength.

June data was underwhelming. But today’s job market is much less concerning than it was six months ago.